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UPDATE 1-U.S. SEC's Gallagher warns of bond market 'bubble' that could pop
10/01/2014  |  20:56
(Adds SEC's Gallagher's comments on bond market asset bubble)By Sarah N. LynchWASHINGTON, Oct 1 (Reuters) - The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U....

UPDATE 4-Britain's Hill charms but fails to sway EU lawmakers
10/01/2014  |  19:44
* Committee asks Hill back for grilling, want substance, not charm* Hill says will bridge euro zone "ins" and "outs"* Supports EU banking union, wants capital markets union for all* Spanish nominee under fire over oil industry links* Hungarian rebuffs "Mein Kampf" jibe, asserts democratic values (Recasts with Hill to face new hearing)By Alastair MacdonaldBRUSSELS, Oct 1 (Reuters) - The installation of a new executive team for the European Union hit a first major obstacle on Wednesday when EU lawmakers ordered Britain's Jonathan Hill to return next week to try again to convince them he could be trusted to oversee financial services in the bloc.After a three-hour interrogation in which Prime Minister David Cameron's choice had appeared to disarm a potentially hostile economic affairs committee with wit and assurances of his European commitment, parties failed to agree on his approval and said he should return to face questions, probably on Monday....

UPDATE 1-U.S. judge dismisses Republican challenge to SEC pay-to-play rule
10/01/2014  |  00:31
(Adds reaction, details, background)By Sarah N. Lynch and Jonathan StempelSept 30 (Reuters) - A federal judge in Washington late on Tuesday dismissed a challenge by two state Republican parties of a U....

U.S. judge narrows Louis Dreyfus cotton squeeze lawsuit
09/30/2014  |  22:30
By Nate RaymondNEW YORK, Sept 30 (Reuters) - Louis Dreyfus Commodities BV swayed a U.S. judge on Tuesday to narrow a lawsuit by traders accusing it of illegally manipulating the price of cotton futures in 2011....

CME Group's Nymex must face U.S. regulator's lawsuit over employee leaks
09/30/2014  |  23:10
By Joseph AxNEW YORK, Sept 30 (Reuters) - CME Group Inc's New York Mercantile Exchange (Nymex) must face a lawsuit brought by regulators seeking to hold it liable for the actions of two former employees accused of leaking trade details, a U.S....

UPDATE 1-Import controls drive slide in Argentine industrial output
09/30/2014  |  21:12
(Adds economist comment, background)BUENOS AIRES, Sept 30 (Reuters) - Argentine industrial output shrank in August as stricter import restrictions in the first month after the country's debt default hit manufacturers reliant on parts from abroad and recession in Brazil hurt demand for automobiles.Output in Latin America's No....

RPT - ANALYSIS-Vanguard, BlackRock may reap billions from Pimco after Gross exit
09/30/2014  |  11:00
(Repeats for additional subscribers)By Ross Kerber and Luciana LopezNEW YORK/BOSTON Sept. 30 - Vanguard Group and BlackRock Inc could be prime destinations for hundreds of billions of dollars in assets that may flee Pimco in the wake of the sudden exit of Bill Gross, the celebrated "Bond King" of U....

GLOBAL MARKETS-Stocks head for worst quarter since euro crisis, dollar reigns
09/30/2014  |  08:35
* Share markets mixed amid uncertainty over Hong Kong, quarter end * Euro zone awaits inflation data * HSBC manufacturing survey disappoints, but exports improve * Dollar holds hefty gains for the month, pressures commodities By Marc Jones LONDON, Sept 30 (Reuters) - World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S....

UPDATE 2-CIC selling part of Noble Group stake, fans fear of more sales
09/30/2014  |  08:02
* CIC selling about a third of its stake in Noble* Deal priced at S$1.32 a share vs range of S$1.32/S$1.35 -source* CIC became a substantial shareholder in 2009 (Recasts, adds analyst comment)By Fiona Lau and Rujun ShenHONG KONG/SINGAPORE, Sept 30 (Reuters) - China Investment Corp will sell part of its stake in Noble Group Ltd at a 5 percent discount, sending shares in the commodity trader tumbling and sparking fears that CIC would eventually move to offload most of its holding....

UPDATE 1-Bank of America settles SEC charges over capital disclosure errors
09/29/2014  |  16:49
(Adds background and decline to comment from Bank of America, SEC background)By Sarah N. Lynch and Peter RudegeairWASHINGTON, Sept 29 (Reuters) - Bank of America agreed to pay $7....

UPDATE 1-U.S. charges ex-Wells Fargo employees with insider trading
09/29/2014  |  18:38
(Adds comment from attorney for defendants, background on Wells Fargo-related cases, details)By Sarah N. LynchWASHINGTON, Sept 29 (Reuters) - U.S. regulators charged two former Wells Fargo employees with insider trading on Monday, saying one of the bank's former research analysts tipped a trader about pending rating changes for six healthcare stocks....

SEC lawsuit over Onyx insider trading can move forward -U.S. judge
09/29/2014  |  23:03
By Nate RaymondNEW YORK, Sept 29 (Reuters) - U.S. securities regulators can move forward with a lawsuit accusing two Dubai residents of making $3.7 million through insider trading in Onyx Pharmaceuticals Inc and another biotechnology company, a Manhattan federal judge ruled on Monday....

UPDATE 1-Canada's TMX names Lou Eccleston as CEO
09/29/2014  |  22:14
(Adds details, background)By Alastair SharpTORONTO, Sept 29 (Reuters) - TMX Group Ltd named Lou Eccleston as its new chief executive officer, the Toronto Stock Exchange operator said on Monday, after a lengthy global search to replace retiring CEO Tom Kloet.Eccleston left McGraw Hill Financial in July....

UPDATE 2-U.S. charges ex-Wells Fargo employees with insider trading
09/29/2014  |  19:30
(Adds comment from Wells Fargo)By Sarah N. LynchWASHINGTON, Sept 29 (Reuters) - U.S. regulators on Monday charged two former Wells Fargo employees with insider trading, saying a former research analyst tipped a trader about pending rating changes for six healthcare stocks....

Mercuria's third founder: China head eyes long game
09/28/2014  |  21:00
By Chen AizhuBEIJING, Sept 29 (Reuters) - The little known Asia head of Mercuria will be key in tying the Swiss commodity trader's $3.5 billion acquisition of JP Morgan Chase and Co's physical commodity desk into the company's China business....

UK fund assets hit record 6.2 trillion stg in 2013 - report
09/28/2014  |  23:01
LONDON, Sept 29 (Reuters) - The UK fund management industry looked after a record 6.2 trillion pounds ($10 trillion) at the end of 2013, 50 percent more than its pre-financial crisis peak, a report by a prominent financial services lobby group said on Monday....

UPDATE 4-Storied bond investor Bill Gross quits Pimco for Janus
09/26/2014  |  17:57
(Adds Ivascyn new CIO, Gundlach comments, investor comments, Gross quote)By Paritosh Bansal and Jennifer AblanNEW YORK, Sept 26 (Reuters) - Bill Gross, the bond market's most renowned investor, quit Pimco for distant rival Janus Capital Group on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago.Gross, 70, had been clashing with the firm's executive committee and had threatened to quit multiple times, a source familiar with the situation said....

UPDATE 1-INSIGHT-Gross' sudden Pimco exit may quicken outflows to rivals
09/26/2014  |  19:07
(Adds comments from Morningstar in 15th paragraph, from CalPERS in 17th paragrph, attribution in second paragraph.)By Jennifer Ablan and Luciana LopezNEW YORK, Sept 26 (Reuters) - The Bond King has lost his throne....

UPDATE 3-Sears Canada CEO resigns, parent company shares keep sliding
09/26/2014  |  01:06
* Sears Canada CEO to step down, cites personal reasons* Sears shares down 23 pct since last Monday* Fairholme says not participating in Lampert loan (New throughout, adds filing from shareholder Fairholme)By Solarina Ho and Nathan LayneTORONTO/CHICAGO, Sept 25 (Reuters) - The turnaround specialist who had signed on to run Sears Holdings Corp's Canadian business is resigning for personal reasons, the struggling U.S....

COLUMN-Andy Home: Who's got all the copper?
09/26/2014  |  00:01
(Andy Home is a Reuters columnist. The opinions expressed are his own)By Andy HomeLONDON, Sept 26 (Reuters) - September has been a cruel month for industrial metals, with prices sinking pretty much across the board....

UPDATE 2-HKEx eyes Oct 27 for trading link launch - sources
09/26/2014  |  05:26
* Start date has been shrouded in uncertainty* HKEx tells firms it's aiming for last Monday in Oct. (Adds details on the scheme, sources)By Michelle PriceHONG KONG, Sept 26 (Reuters) - A landmark trading link between Hong Kong Exchanges & Clearing Ltd (HKEx) and the Shanghai Stock Exchange is expected to be launched on Oct 27, two people with direct knowledge of the matter told Reuters....

UPDATE 1-Rosneft may back out of Morgan Stanley oil unit deal- sources
09/25/2014  |  11:40
(Adds Rosneft comments)By Dmitry ZhdannikovLONDON, Sept 25 (Reuters) - Rosneft, Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley 's oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.The people said the chances of the deal going through range from "possible" to "highly unlikely....

Mrs Watanabe jumps on yen-selling bandwagon as tide turns
09/25/2014  |  23:11
* Japan retail investors shift toward chasing dollar higher* Yen shorts rising on Tokyo margin-trade platform* Shift comes as dollar breaks higher vs yen* Japan govt, companies no longer cheering yen's fallBy Kentaro SugiyamaTOKYO, Sept 26 (Reuters) - Japan's legions of retail foreign-exchange traders, popularly known as Mrs Watanabe, are turning into sellers of yen.They have shifted from playing the dollar's range against the yen to betting against the Japanese currency after it slumped to six-year lows recently, market participants and data show....

RPT-WRAPUP 1-China steel demand shrinks for first time in 14 years as slowdown stings
09/25/2014  |  22:11
(Repeats story first published late Thursday; no change to text)* Apparent crude steel consumption down in Jan-Aug* Iron ore supply has exceeded demand in China* Global ore miners convinced Chinese demand will remain firmBy David StanwayDALIAN, China Sept 25 (Reuters) - China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.But top global miners like Vale and Rio Tinto , which have invested billions of dollars to ramp up output to sell more iron ore to China, are still convinced that Chinese demand has yet to peak with an urbanisation drive there expected to last at least another decade....

UK judge rules Barclays breached client trust in carbon deal
09/25/2014  |  21:37
By Michael Szabo and Ben GarsideLONDON, Sept 25 (Reuters) - Barclays has settled a lawsuit with London trading firm CF Partners after a judge found that the British bank had misused confidential information during its acquisition of a Swedish carbon trading company.The ruling comes the same week Barclays was hit with a combined $77 million in fines from British and U....

REFILE-ANALYSIS-Henry Hub, king of U.S. natural gas trade, losing crown to Marcellus
09/25/2014  |  20:03
(In paragraph 10, makes clear Consolidated Edison is a holding company)By Scott DiSavino and Barani KrishnanSept 25 (Reuters) - For nearly a quarter-century, traders around the world have looked to a spot in Louisiana for the best price of U.S....

UPDATE 2-Sears Canada CEO to step down by year-end
09/25/2014  |  19:59
(Adds comments from Sears Holdings and analyst, adds CHICAGO to dateline)By Solarina Ho and Nathan LayneTORONTO/CHICAGO, Sept 25 (Reuters) - Department store chain Sears Canada Inc, which has had six consecutive years of declining revenue, said on Thursday that Chief Executive Douglas Campbell will resign by the end of this year so that he can tend to family matters.Sears Canada, which is majority-owned by Sears Holdings Corp , is facing intense competition and has seen its market share erode for years....

UPDATE 1-Sears Canada CEO to step down by year end
09/25/2014  |  15:59
(Adds background on Sears Holdings and company plans)TORONTO, Sept 25 (Reuters) - Struggling department store chain Sears Canada Inc, which is majority-owned by Sears Holdings Corp, said on Thursday that Chief Executive Douglas Campbell will resign by the end of this year so that he can tend to family issues.Campbell, a turnaround specialist who joined Sears Canada in March 2011 and took over as CEO almost exactly a year ago, intends to continue in his job until the company names a replacement, but no later than Jan....

INTERVIEW-Polish bourse plans big push in derivatives and debt markets
09/25/2014  |  16:12
(Adds quotes, details, background)* Warsaw Stock Exchange to unveil new strategy in October* Plans developments to derivatives, commodities, debt markets* CEO says Poland safe haven in central, east Europe for investors* CEO says WSE could revisit merger with Vienna Exchange in futureBy Clare HutchisonLONDON, Sept 25 (Reuters) - The Warsaw Stock Exchange (WSE), central Europe's largest bourse, will prioritise developing its derivatives, commodities and debt capital markets to complement its existing cash equities market in a new strategy to be unveiled next month.In an interview with Reuters on Thursday, Pawel Tamborski, WSE's chief executive and Poland's former deputy treasury minister, said 2015 could be "a year of change" for the WSE, in which it will focus on expanding in Poland....

CORRECTED-Saba Software ex-CEO to reimburse company in SEC accord
09/25/2014  |  16:54
(Corrects headline, first two paragraphs to clarify Yazdani is a former, not current, CEO of Saba. Yazdani's status was correctly rendered in subsequent updates....

JPMorgan tops investment bank league table in first half
09/25/2014  |  08:00
LONDON, Sept 25 (Reuters) - JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday....

Lloyd's of London says profit jumps 21 pct in first half
09/25/2014  |  07:07
LONDON, Sept 25 (Reuters) - The Lloyd's of London insurance market posted a rise in headline first-half profit on Thursday, boosted by sharp gains in its investment returns, but highlighted that market conditions were becoming increasingly challenging.Pretax profit rose 21 percent to 1....

UPDATE 1-China currency regulator uncovers $10 bln in fake trades
09/25/2014  |  06:46
(Adds details)BEIJING, Sept 25 (Reuters) - China has found nearly $10 billion worth of falsified trade transactions more than a year after the fake trades were first uncovered, the currency regulator said on Thursday, adding that a crackdown had now stamped out the practice.To evade China's capital controls and sneak money in or out of the world's second-biggest economy, some companies create artificial trade invoices that are not backed by an actual exchange of goods or services....

Braking hard: Australia M&A deals slump most in a generation
09/25/2014  |  05:59
By Byron KayeSYDNEY, Sept 25 (Reuters) - Australian inbound M&A deals declined the most in a quarter of a century as plummeting commodity prices and a faltering local stock market challenged the appetite of overseas investors for the country's assets.Inbound deals slumped 86 percent to $2....

Aluminium users appeal against LME's removal from anti-trust case
09/25/2014  |  05:34
Sept 25 (Reuters) - Two groups of plaintiffs that have accused the London Metal Exchange (LME) and its owner of allowing anti-competitive and monopolistic behaviour in its warehousing network have appealed against a judge's dismissal of the claims, the LME's owner said.The two appeals, by consumer and commercial classes of plaintiffs involved in the aluminium industry, were filed with the U....

UPDATE 1-Ex-investor relations exec pleads guilty in NY to insider trading
09/24/2014  |  18:20
(Adds statement from Lippert/Heilshorn founder)By Joseph AxNEW YORK, Sept 24 (Reuters) - A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central's The Daily Show, pleaded guilty on Wednesday to insider trading.Michael Lucarelli, the former director of market intelligence at Lippert/Heilshorn & Associates, pleaded guilty in Manhattan federal court to one count of securities fraud on his 52nd birthday....

Morgan Stanley needs to further restructure FICC business
09/24/2014  |  17:11
Sept 24 (Reuters) - Morgan Stanley needs to further restructure its fixed-income, commodity and currency (FICC) business to generate return on equity of more than 10 percent, brokerage J.P....

Bank of Canada: ETF liquidity risk concerns regulators - report
09/23/2014  |  19:31
OTTAWA, Sept 23 (Reuters) - The Financial Stability Board is looking at whether exchange-traded funds could pose a risk to the world's financial system when interest rates eventually start to go up, a top Bank of Canada official said on Tuesday, according to a Bloomberg report.The FSB, a regulatory task force for the Group of 20 economies, discussed at a meeting last week whether ETFs based on assets that trade in less liquid markets would be able to honor their obligations in the event of a large withdrawal, said Carolyn Wilkins, senior deputy governor at the Bank of Canada....

Nasdaq to administer data system behind three-hour trading halt
09/23/2014  |  17:14
By Herbert LashNEW YORK, Sept 23 (Reuters) - Nasdaq OMX Group Inc won a contract to administer billing and other chores for the data feed system that sparked a three-hour trading halt in Nasdaq-listed stocks last year, but a contract to build and manage the system is still undecided, the firm that oversaw bidding said on Tuesday.Representatives from the U....

UPDATE 2-Barclays takes $77 mln hit from British and U.S. fines
09/23/2014  |  17:43
* Britain's FCA fines bank 38 mln stg for client asset breaches* SEC imposes $15 mln fine over post-Lehman compliance failings (Adds SEC fine)By Kirstin Ridley and Sarah N. LynchLONDON/NEW YORK, Sept 23 (Reuters) - British bank Barclays was hit with a combined $77 million in fines from British and U....

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